Bank of America Global Research discusses Gold and DXY technical and seasonality outlook and flags a scope further USD gains supported by Gold's death cross signal.

"On June 26, 2026, at $4,088.74, gold triggered a “death cross” signal. This is when the 50d SMA crosses below the 200d SMA to imply a downtrend is underway. • After 30 signals since 1975, gold was lower 67-70% of the time 40-50 trading days later with negative average and median returns. This suggests gold may be lower than $4,088.74 around August 24-September 8," BofA notes.

"Gold’s death cross signal implies support and strength for the DXY in the Aug 3-Oct 21 period, with a little more emphasis on late August through September," BofA adds.